August 24, 2016 2:11 PM ET

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Company Overview of Detroit Diesel Corporation

Company Overview

Detroit Diesel Corporation designs and manufactures aftermarket and remanufactured products for diesel and alternative fuel engines. It offers a range of diesel engines and engine-related products for automotive, construction, industrial, marine, military, railways, and mining industries. The company also provides electronic and software products, such as infrared information system, Pocket Diagnostic Link, ProDriver, and Diagnostic Link Software. Detroit Diesel Corporation was founded in 1987 and is based in Detroit, Michigan. As of October 13, 2000, Detroit Diesel Corporation operates as a subsidiary of Daimlerchrysler AG.

13400 Outer Drive West

Detroit, MI 48239-4001

United States

Founded in 1987

6,660 Employees

Phone:

313-592-5000

Fax:

313-592-7288

Key Executives for Detroit Diesel Corporation

Chief Financial Officer, Principal Accounting Officer and Senior Vice President of Finance
Age: 66
Executive Vice President of Engineering and Operations
Age: 73
Chief Compliance Officer, Program Manager of 2010 Emission Program and Member Executive Committee
Age: 65
Chief Quality Officer
Age: 55
Senior Vice President of Sales - Freightliner LLC
Compensation as of Fiscal Year 2016.

Detroit Diesel Corporation Key Developments

Union Workers at Detroit Diesel Ratify 5-Year Contract

Union workers at Detroit Diesel have ratified a 5-year contract that raises compensation and commits the Daimler Trucks North America subsidiary to future work. The agreement ratified May 24, 2016 by UAW Local 163 includes a $5,000 signing bonus and a wage increase for all classifications. It also includes pension increases for pension-eligible employees and an increased company matching contribution for non-pension eligible employees.

Detroit Diesel to Invest USD208 Million to Upgrade Michigan Plant in US

Detroit Diesel will invest around USD 208 million to upgrade its Redford Township plant near suburban Detroit in Michigan (United States). The company will add new machinery and equipment for a new medium-duty diesel engine line at the nearly 75-year-old plant. The expansion is expected to create 245 jobs at the plant, which currently employs 2,268 people. Detroit Diesel's expansion plan has been approved by the Michigan Economic Development Corporation (MEDC), which has offered the supplier a performance-based grant of USD 1.3 million. The project is expected to start in the second quart of 2015.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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